Better IT Services Stock: Accenture vs. Globant
Accenture (NYSE: ACN) and Globant (NYSE: GLOB) offer investors two different ways to invest in the IT services sector. Accenture provides a wide range of services in 200 cities across 50 countries. Globant is a much smaller player that helps companies develop their websites and mobile apps, as well as manage their digital marketing campaigns and cloud services.
The price of both stocks has risen more than 40% over the past 12 months and outperformed the S&P 500's gain of about 24%. Both companies are also growing much faster than IBM's (NYSE: IBM) fading managed infrastructure services unit, which will be spun off as a separate company later this year.
Let's see why Accenture and Globant have been outperforming the broader market and legacy IT services providers like IBM, and see which stock is a more compelling investment right now.
Source Fool.com
